Like the tens of millions of student loan borrowers across the country, Utah educators John Arthur and Sarah Reale's loan payments were on hold as part of pandemic relief.
Both anticipated resuming their payments after Congress passed a law that prevented further extensions of the payment pause, meaning interest on student loans would accrue starting Sept. 1, with payments due in October.
"I actually over qualified once they totaled my payments correctly," explaining she made 134 to 140 payments and the program requires a minimum of 120. More than a decade later, her loan balance was more than $40,000, despite working full time while earning her undergraduate and graduate degrees. Arthur, who had about $40,000 in student loan debt after earning master's degrees in teaching and education from Westminster College, opted to participate in the income-based repayment program.
Arthur said he credits the Biden administration for taking time and initiative to remedy past wrongs that meant relatively few borrowers qualified for public service loan forgiveness.
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